Business
Tax shysters PayPal investigated by AUSTRAC for money-laundering, counter-terror financing – Michael West News
Austrac is close to prosecuting Paypal for breaching Anti-Money Laundering and Counter-Terrorism Financing laws, following its Westpac sting.
Austrac confirmed to Michael West Media late Friday it was considering whether to pursue international payments giant PayPal for breaches of the money-laundering and terrorism financing laws (AML-CTF).
The regulatory community, particularly the Tax Office, will be keenly observing Austrac’s progress because PayPal owes Australia a lot of money.
Its latest available financial statements show the financier continues to siphon offshore 90% of the income it makes in this country. The bulk of it is…
-
Noosa News20 hours agoBaby boy killed and woman seriously injured after major crash on M1 at Gaven, Gold Coast
-
Business18 hours agoHow to boost your superannuation in the final 10 years before retirement
-
Noosa News22 hours agoSunshine Butterflies 5th annual Walk in Wings returns to Noosa
-
Noosa News21 hours agoWhale charity boss Brett Taylor allegedly ran euthanasia body ‘discovery service’